Paytm loses 44% of its foreign investors as they dump 3 cr shares of the startup
Image Credit: economic times
Due to factors such as the Institutionsl investors Advisory Services’ opposition to CEO Vijay Shekhar Sharma and Enforcement Directorate raids, Paytm’s stocks have plunged by more than 70% in a year. The firm’s stock had a terrible start when it crashed 27.4% on the day it got listed, largely because of overvaluation. But there’s no relief for Paytm in sight as FPIs have dumped almost three crore shares of the company in a year since its IPO.